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Wow Air: reduction of aircraft and personnel fleet

Is there the last move to avoid bankruptcy?

Iceland's low-cost airline Wow Air is increasingly at risk of bankruptcy because it will soon reduce its fleet to 11 airplanes (from the current 20) also cutting 111 jobs. This would be the only way both to maintain operations and to ensure that potential investors (like US fund Indigo) to see a possibility of profit, but to lose will be the only employees "victims" of corporate restructuring. Probably...

M/A - 1217047
Reykjavik, Iceland, 12/14/2018 17:08
AVIONEWS - World Aeronautical Press Agency

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